The Reserve Bank is deferring the start of the proposed changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October 2016, based on feedback from the banking industry from its recent consultation on the proposals.

BNZ has dropped its interest rates in response to today’s decrease in the OCR as follows:
- 20 bps off Standard - from 5.99% to 5.79%
- 10 bps off TotalMoney - from 5.89% to 5.79%
- 14 bps off Rapid Repay - from 5.99%to 5.85%

ASB has lowered its 3-year special fixed home loan rate by 0.30% from 4.79% p.a. to 4.49% p.a.
The rate change, applied to the three-year fixed rate, celebrates the All Blacks as three-time world champions.

BNZ home loans will be available to New Zealand Financial Services Group (NZFSG) customers later this year. The partnership announced by the two organisations today marks the first time BNZ has offered its mortgages through a third party in just over 10 years.

Kiwibank is cutting its three, four and five-year mortgage rates effective on Monday February 16, 2015. The three-year rate drops 34 points to 5.55% p.a.; four years down 40 points to 5.99% and five years down 10 points to 5.79%.

TSB Bank has today announced its offer of a 10 year fixed rate home loan, a first for the New Zealand market.
The fixed rate of 5.89 per cent per annum for residential and investment property loans is available for buyers with a minimum deposit of 20 per cent.

Kiwibank has kicked off its 2015 mortgage campaign with a two-year mortgage rate cut from 5.75% p.a. to 5.55% p.a. The bank is also offering a cash incentive of $2015 for all new home lending over $100,000 (minimum 20% equity).

Home loan affordability improved slightly across most of New Zealand in April as a fall in median house prices was enough to offset the effects of a second rise in floating mortgage rates in as many months.

HSBC New Zealand announces that it has reduced its HSBC Premier two-year fixed home loan rate by 0.5% to 5.79% per annum. This is the lowest two-year fixed residential mortgage rate currently being offered by a bank on the New Zealand market-.